Sumitomo Mitsui Trust (OTCMKTS:SUTNY) Shares Gap Down – Should You Sell?

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY – Get Free Report) shares gapped down before the market opened on Wednesday. The stock had previously closed at $5.53, but opened at $5.1950. Sumitomo Mitsui Trust shares last traded at $5.3050, with a volume of 50,599 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Sumitomo Mitsui Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Check Out Our Latest Research Report on SUTNY

Sumitomo Mitsui Trust Stock Down 4.1%

The firm has a 50 day moving average price of $5.53 and a 200-day moving average price of $6.67. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 3.72. The firm has a market cap of $29.66 billion and a PE ratio of 12.30.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.23 EPS for the quarter. Sumitomo Mitsui Trust had a return on equity of 10.45% and a net margin of 11.81%. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $1.33 billion. Research analysts forecast that Sumitomo Mitsui Trust Holdings, Inc. will post 0.49 EPS for the current fiscal year.

About Sumitomo Mitsui Trust

(Get Free Report)

Sumitomo Mitsui Trust Holdings, Inc is a Japanese financial holding company and the parent of the Sumitomo Mitsui Trust Group. Through its subsidiaries, including Sumitomo Mitsui Trust Bank, the group provides banking, trust banking, asset management, and related financial services to individuals, corporations, institutional investors, and public-sector clients.

The group’s services include deposits and lending, investment and pension management, securities administration, real estate services, inheritance and asset succession planning, and investment banking.

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